Oil at 68$ at the end of 2016

2016년 7월 25일

Projection of price and time for oil. Target at green box.

2016년 8월 5일

노트

Adjustment in face of first wrong "entry" point. Wedge failled, but now oil seems to be reversing. Now my target is 64$ for middle of november. One curious thing is if oil correction ended three days ago (August 02) then it lasted for 55 days (chart below).

2016년 8월 7일

노트

More reasons to be bullish on oil. Price bounced from a huge support, we had a nice hammer on weekly chart: